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<blockquote data-quote="TexasBred" data-source="post: 852770" data-attributes="member: 6897"><p>Brandon as I said, gas companies drill then THEY get ready. Not on our schedule. It was listed at about $58 million when it was listed with a realtor. Guess nobody thought it was worth it or had the money or could not get the money. It didn't bring more because everyone was looking for a steal at a "bank sell" knowing that banks typicall are very happy to get 50 cents on the dollar for a property. The people that bought it thought the minerals alone were worth what it brought and I'm figuring they're right. It's not unusual for minerals to sell for much more than surface rights in a oil/gas rich area. They gave $2700 an acre for land that had mineral rights worth perhaps 10 times that much and IF they decided to sell them they would bring that much.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 852770, member: 6897"] Brandon as I said, gas companies drill then THEY get ready. Not on our schedule. It was listed at about $58 million when it was listed with a realtor. Guess nobody thought it was worth it or had the money or could not get the money. It didn't bring more because everyone was looking for a steal at a "bank sell" knowing that banks typicall are very happy to get 50 cents on the dollar for a property. The people that bought it thought the minerals alone were worth what it brought and I'm figuring they're right. It's not unusual for minerals to sell for much more than surface rights in a oil/gas rich area. They gave $2700 an acre for land that had mineral rights worth perhaps 10 times that much and IF they decided to sell them they would bring that much. [/QUOTE]
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